1. Summary Information
|
|
|
Country |
|
|
Company Name |
AUTOTECH
POLYMERS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Aniruddha Sarin |
|
|
|
Principal Name 2 |
Mr. Baldev Garhwal |
|
Our Reference # |
184598 |
Registration # |
-- |
|
Street Address |
|
||
|
Established Date |
23.09.2004 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Plastic Raw Materials. |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.11,940,000 |
Product Name 3 |
-- |
|
Shareholders |
Plasticom Products Private Limited- 985000 |
Banking |
Jammu and Kashmir Bank Limited |
|
Public Limited Corp. |
-- |
Business Period |
08 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
India |
Company
Name |
Plasticom Products Private Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
107,394,000 |
Current Liabilities |
29,429,000 |
|
Inventories |
11,468,000 |
Long-term Liabilities |
63,192,000
|
|
Fixed Assets |
48,318,000 |
Other Liabilities |
-- |
|
Deferred Assets |
96,000 |
Total Liabilities |
92,621,000 |
|
Invest& other Assets |
40,030,000 |
Retained Earnings |
50,068,000 |
|
|
|
Net Worth |
114,685,000 |
|
Total Assets |
207,306,000 |
Total Liab. & Equity |
207,306,000 |
|
Total Assets (Previous Year) |
257,016,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Total Sales |
249,823,000 |
Net Profit |
2,676,000 |
|
Total Sales(Previous yr) |
166,522,000 |
Net Profit(Prev.yr) |
640,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
AUTOTECH POLYMERS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
23.09.2004 |
|
|
|
|
Com. Reg. No.: |
11-148778 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.940 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134MH2004PTC148778 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA23517E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Plastic Raw
Materials. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 458740 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. The
management have not filed the current year financial details with government
department and management denied to disclosed the financial details. Business
is active. Payments are unknown. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Ankur |
|
Designation : |
Director |
|
Contact No.: |
91-9991199508 |
|
Date: |
30.06.2012 |
LOCATIONS
|
Registered Office : |
|
|
E-Mail : |
|
|
|
|
|
Corporate Office
: |
1165/2, |
|
Tel. No.: |
91-124-4226250/58 |
|
Fax No.: |
91-124-4226259 |
|
|
|
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Factory : |
Plot No. 60/8 13, 14/1, 14/2, Village. |
|
Tel. No.: |
91-1275-263132/33/34/35/37 |
|
Fax No.: |
91-1275-263136 |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Aniruddha Sarin |
|
Designation : |
Director |
|
Address : |
401, Devashish , Tithal Road, Valsad, Valsad, 396001, |
|
Date of Birth/Age : |
01.07.1965 |
|
Date of Appointment : |
14.01.2010 |
|
|
|
|
Name : |
Mr. Baldev Garhwal |
|
Designation : |
Director |
|
Address : |
H-4/ 803 , |
|
Date of Birth/Age : |
19.06.1964 |
|
Date of Appointment : |
14.01.2010 |
|
|
|
|
Name : |
Mr. Ankur Kirti Betai |
|
Designation : |
Director |
|
Address : |
Sw 33, Soami Bagh, Radha Soami Satsang, |
|
Date of Birth/Age : |
22.02.1978 |
|
Date of Appointment : |
23.09.2004 |
|
|
|
|
Name : |
Mr. Achal Nirmal Thakkar |
|
Designation : |
Director |
|
Address : |
Dayaniketan , 78 Nutan Laxmi Co Op Hsg Soc Ltd, Road No. 8, J.V.P.D.
Scheme, Juhu,, Mumbai, 400049, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1967 |
|
Date of Appointment : |
14.01.2010 |
|
|
|
|
Name : |
Mr. Laurence W. Dummett. |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
14.11.1949 |
|
Date of Appointment : |
10.03.2007 |
|
|
|
|
Name : |
Mr. Andre Fritz |
|
Designation : |
Director |
|
Address : |
Bionstrasse 18, |
|
Date of Birth/Age : |
07.04.1939 |
|
Date of Appointment : |
03.07.2007 |
|
|
|
|
Name : |
Mr. Dinesh T. Kotak |
|
Designation : |
Director |
|
Address : |
B - 203, Padma Sagar, |
|
Date of Birth/Age : |
18.08.1953 |
|
Date of Appointment : |
20.02.2008 |
KEY EXECUTIVES
|
Name : |
Mr. Sudhir |
|
Designation : |
Marketing Manager |
|
Address : |
Flat No.403, III Floor, KNS Samarpana, #1st B Cross,
Sampige Layout, Amarjyoti Nagar, |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Aditya P Jhaveri |
|
5000 |
|
Nikunj Hasmukh Shah |
|
5000 |
|
Plasticom Products Private Limited, |
|
985000 |
|
Baldev Garhwal Jointly With Suman Garhwal |
|
99500 |
|
Aniruddha Sarin Jointly With Nishi Sarin |
|
99500 |
|
TOTAL |
|
1194000 |
AS ON 30.09.2010
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies corporate |
82.50 |
|
Directors or relatives of Directors |
16.70 |
|
Other top fifty shareholders |
0.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Plastic Raw Materials |
GENERAL INFORMATION
|
No. of Employees
: |
Not Divulged |
||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||
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Bankers : |
·
Jammu and Kashmir Bank Limited Corporate Headquater : ·
HDFC Bank Limited |
||||||||||||||||||||||||||||||||||||
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Facilities : |
|
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|
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Banking
Relations : |
--- |
|
|
|
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Auditors : |
|
|
Name : |
Ganesh K. Bhat Chartered Accountant |
|
Address : |
6D, Pilcourt, (Sherbanco), 6th Floor, 111, |
|
|
|
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Holding Company : |
Plasticom Products Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1194000 |
Equity Shares |
Rs.10/- each |
Rs.11.940 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
11.940 |
9.950 |
2.000 |
|
|
2] Share Application Money |
52.677 |
118.207 |
163.950 |
|
|
3] Reserves & Surplus |
50.068 |
47.428 |
15.172 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
114.685 |
175.585 |
181.122 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
54.367 |
43.193 |
4.144 |
|
|
2] Unsecured Loans |
8.825 |
11.075 |
16.850 |
|
|
TOTAL BORROWING |
63.192 |
54.268 |
20.994 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
177.877 |
229.853 |
202.116 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
48.318 |
50.883 |
27.318 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
40.000 |
40.000 |
26.816 |
|
|
DEFERREX TAX ASSETS |
0.096 |
0.404 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
11.468
|
11.135 |
5.796 |
|
|
Sundry Debtors |
66.601
|
43.131 |
33.001 |
|
|
Cash & Bank Balances |
1.838
|
0.919 |
2.341 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
38.955
|
110.508 |
124.780 |
|
Total
Current Assets |
118.862
|
165.693 |
165.918 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
25.916
|
20.988 |
10.291 |
|
|
Other Current Liabilities |
1.101
|
0.096 |
1.217 |
|
|
Provisions |
2.412
|
6.079 |
6.470 |
|
Total
Current Liabilities |
29.429
|
27.163 |
17.978 |
|
|
Net Current Assets |
89.433
|
138.530 |
147.940 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.030 |
0.036 |
0.042 |
|
|
|
|
|
|
|
|
TOTAL |
177.877 |
229.853 |
202.116 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales & Other Income |
|
249.823 |
166.522 |
|
|
|
TOTAL |
|
249.823 |
166.522 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
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Advertising Expenses |
|
|
|
|
|
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TOTAL |
|
233.277 |
154.858 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
16.546 |
11.664 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
7.445 |
4.664 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
9.101 |
7.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
4.593 |
5.364 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) |
|
4.508 |
1.636 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.832 |
0.996 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
2.676 |
0.640 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.24 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.07
|
0.38 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.80
|
0.98 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.69
|
0.75 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.00 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.80
|
0.46 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.03
|
6.09 |
9.22 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
Yes |
NOTE
The registered office address of the company has been shifted from 42-B
Yusuf Bldg 4th Floor veer
Form 8
|
This form is for |
Creation of
charge |
||||||
|
Corporate
identity number of the company |
U24134MH2004PTC148778 |
||||||
|
Name of the
company |
AUTOTECH POLYMERS
INDIA PRIVATE LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
|
||||||
|
Type of charge |
Book Debts Movable Property Immovable
property |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
description of the instrument creating or modifying the charge |
Loan Agreement
dt.06.06.2008 |
||||||
|
Date of
instrument Creating the charge |
06.06.2008 |
||||||
|
Amount secured by
the charge |
Rs. 74.000
Millions |
||||||
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest PLR -1% effective
rate 12% per annum Terms of
Repayment Term Loan is
repayable in 16 quarterly instalments of Rs.2.500 Millions each after an
initial moratorium period of 12 months from the date of first disbursement. Margin Term Loan -
33.77% on immovables Cash Credit - 25%
on stocks 40% on Book Debts Extent and
Operation of the charge 1)First Charge by
equitable mortgage of land and building and other fixed assets, for property
located at Village Aurangabad, District Faridabad, Haryana 2)First Charge
by hypothecation of all moveable fixed
assets of the company, at Village Khandsa, Gurgaon, Haryana. 3)First Charge
by hypothecation of raw material,
stocks semi-finished and finished goods, Village Aurangabad, District
Faridabad, Haryana and stocks in transit. 4)First Charge
by hypothecation of receivables of the
company. Others Nil |
||||||
|
Short particulars
of the property charged |
1)First Charge by
equitable mortgage of land and building and other fixed assets, for property
located at Village Aurangabad, District Faridabad, Haryana 2)First Charge
by hypothecation of all moveable fixed
assets of the company, at Village Khandsa, Gurgaon, Haryana. 3)First Charge
by hypothecation of raw material,
stocks semi-finished and finished goods, Village Aurangabad, District
Faridabad, Haryana and stocks in transit. 4)First Charge
by hypothecation of receivables of the
company. |
FIXED ASSETS
·
Plant and Machinery
·
Vehicles
·
Office Equipments
·
Furniture and
Fixture
·
Computers
·
Air Conditioner
·
Cooler
·
Cooling Tower
·
Cycle
·
Electric Fitting and
Fixture
·
Electric HT
Connection
·
Generator
·
Mobile Phone
·
Motor Bike
·
Motor Car – Honda
City
·
Specific Gravity
Balance
·
Stitiching Machine
·
Testing Equipments
·
Tools
·
Water Cooler
·
Water Geyser
·
Weighing Scales
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
|
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.